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ABC: Construction Backlog Stable; Contractors Remain Optimistic, Fueled by Data Center Growth

Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.5 months in September, according to an ABC member survey conducted Sept. 22 to Oct. 6. The reading is down 0.1 months since September 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series.…

Andrew DeVito In Member News, National, News, Tech

How Field Technology Is Transforming Construction Jobsites: ABC Unveils 5th Annual Tech Report

Associated Builders and Contractors today released its fifth annual construction technology report, the ABC Field Tech Report, which highlights the tools and innovations shaping project sites, showcasing the possibilities and opportunities when technology transforms construction in the field. “ABC’s fifth annual construction technology report turns the spotlight to the jobsite, where…

Andrew DeVito In National, News

ABC: Construction Job Opening Rate Falls to Lowest Level in Nearly a Decade

The construction industry had 188,000 job openings on the last day of August, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is…

Andrew DeVito In National, News

ABC’s Construction Backlog Indicator Falls, Contractor Optimism Stable

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell from 8.8 months in July to 8.5 months in August, according to an ABC member survey conducted Aug. 20 to Sept. 3. The reading is up 0.3 months since August 2024. View the full Construction Backlog Indicator and…

Andrew DeVito In National, News

ABC: Construction Materials Prices Up 0.2% in August, Driven By Iron and Steel

Construction input prices increased 0.2% in August compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also increased 0.2% for the month. Overall construction input prices are 2.3% higher…

Andrew DeVito In National, News

ABC: Construction Employment Falls for Third Straight Month in August

The construction industry lost 7,000 jobs in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 58,000 jobs, an increase of 0.7%. Nonresidential construction employment decreased by 1,200 positions on…

Andrew DeVito In National, News

ABC: Construction Quit Rate Plummets to 9-Year Low

The construction industry had 306,000 job openings on the last day of July, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Falls Sharply in July

National nonresidential construction spending decreased 0.2% in July, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.24 trillion. Spending was down on a monthly basis in 7 of the 16 nonresidential subcategories.…

Andrew DeVito In National, News

ABC: Construction Backlog Indicator Rises, Contractor Optimism Slips in July

Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.8 months in July, according to an ABC member survey conducted July 24 to Aug. 4. The reading is up 0.4 months since July 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…

Andrew DeVito In National, News

ABC: Construction Employment Growth Anemic in July

The construction industry added 2,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 96,000 jobs, or 1.2%. Nonresidential construction employment increased by 6,400 positions on…